Intel stock extends gains after report of possible U.S. government stake
MUSCATINE, Iowa - HNI Corporation (NYSE:HNI) announced Monday its Board of Directors has declared a quarterly dividend of 34 cents per share on its common stock.
The dividend will be payable on September 11, 2025, to shareholders of record at the close of business on August 22, 2025, according to a press release issued by the company.
HNI Corporation is a manufacturer of workplace furnishings and residential building products that has been in operation for more than 75 years. The company operates under two segments: Workplace Furnishings, which designs and provides commercial furnishings, and Residential Building Products, which manufactures hearth products including fireplaces, inserts, stoves, and accessories.
The company’s stock is traded on the New York Stock Exchange under the ticker symbol HNI.
In other recent news, HNI Corp reported strong second-quarter 2025 earnings, surpassing analysts’ expectations. The company posted an earnings per share (EPS) of $1.11, significantly beating the forecasted $0.86, which represents a 29.07% earnings surprise. Revenue also exceeded projections, with HNI reporting $667.1 million compared to the anticipated $646.42 million. Additionally, HNI announced a significant move with its agreement to acquire Steelcase Inc. in a cash and stock transaction valued at approximately $2.2 billion. This acquisition, expected to close by the end of 2025, will see Steelcase shareholders receiving $7.20 in cash and 0.2192 shares of HNI stock for each Steelcase share. Despite the acquisition news, Benchmark reiterated its Buy rating on HNI, maintaining a price target of $60.00. The acquisition and earnings results are notable developments for HNI, as the company continues to expand its market presence.
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